Is Farm Loop, Alaska a Good Place To Live? - Living In Farm Loop, AK

Is Farm Loop, Alaska a good place to live?
Farm Loop is a city in Alaska state in USA with a population of 1170 residents.. The poverty rate of Farm Loop is 5.5%, which is 61% lower than national average. The typical household in Farm Loop earns $89000 a year, compared to the national median of $67,500. Nearly 21.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Farm Loop, only 93% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Farm Loop remained 7.8%, which is 66% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Farm Loop, only 32% of adults have a bachelor's degree and 40% have some college but no degree.

Cost of living in Farm Loop is 0, which is 100% lower than national average. Median home value in Farm Loop is $263000 , which is 14% higher than national average. While median income in Farm Loop remained $89000, which is 32% higher than national average.
Population
1170
Unemployment
7.8%
66% NAT AVG.
Poverty
5.5%
61% NAT AVG.
Overall Score
5
Median Home Cost
$263000
14% NAT AVG.
Median Income
$89000
32% NAT AVG.
Median Rent
$975
16% NAT AVG.
People Living BPL
1 in 18
Unemployed People
1 in 13
People Earning < $10,000
1 in 50
People Earning < $50,000
21.7%
People with <= High School
1 in 3.6
People With Any Degree
1 in 2.4
Pros & Cons Overview

Jobs80%

Housing85%

Affordability85%

Safety30%

Amenities30%

Diversity60%

Education85%

Commute50%